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Banks rule the trading roost

Banks rule the trading roost

Category: Investments

Updated: 09/09/2011
First Published: 09/09/2011

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Despite the continuing unpredictability in the stock markets, banks continued to dominate the trading agenda.

Unpredictability in the markets continued as the FTSE ended the week period to Tuesday 6 September at 5,156.84

But traders continued to look to add to their portfolios as the number of buys outnumbered sells by 1.7:1, figures from TD Waterhouse show.

Barclays was the most purchased stock during the week, accounting for around one in five buys, leapfrogging Lloyds Banking Group to the number one spot in the process.

Lloyds ended the week as the second most bought stock, while the Royal Bank of Scotland ensured that the UK 's banking giants enjoyed a 1-2-3 finish once again.

The banks also featured prominently in the top ten sells over the week.

In a reverse of the top ten buys, Lloyds was the most sold-off stock in the week, while Barclays placed in second.

The Royal Bank of Scotland was the third most sold share, as was the case in the previous seven days.

"Further down the table, Aviva was the fourth most popular buy this week as rumours circulated about a potential takeover bid for the company, with Switzerland's Zurich Financial the latest to be linked with an offer for the British insurer," said Darren Hepworth of TD Waterhouse.

The takeover talks failed to have a positive effect on the insurance giant's share price, however, as it peaked at 343p on Thursday (1 September) before falling steadily to a low of 298p by Tuesday (6 September).

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